Sebi rejects offer of Gaekwad to buy stake in Religare – The Times of India
MUMBAI: In a setback to Digvijay Gaekwad‘s plans to make a competing offer for Religare Enterprises, the Securities and Exchange Board of India (Sebi) rejected his application on Friday, citing a lack of proof of financial resources and terming the application as frivolous. In his application, Gaekwad, who is a Florida-based investor, had requested Sebi’s…